What are the risks of keeping my cryptocurrencies in an online wallet?

3 answers

• MUHAMMAD DANIAL HAIKAL BIN MOHJul 11, 2022 · 3 years ago
  Storing your cryptocurrencies in an online wallet can be risky due to the potential for hacking, reliance on a third party, and vulnerability to phishing attacks. It's crucial to choose a reputable wallet provider and consider using offline storage options like hardware wallets to enhance security.
  299

  150
• Mickael RandriaSep 01, 2020 · 5 years ago
  Storing your cryptocurrencies in an online wallet comes with risks such as security breaches, the possibility of the wallet provider going out of business, and susceptibility to phishing attacks. It's important to choose a secure wallet provider, backup your wallet, and be cautious of phishing attempts to protect your digital assets.
  335

  112
• Prakash NDec 26, 2022 · 3 years ago
  Storing your cryptocurrencies in an online wallet exposes you to risks such as hacking, reliance on a third party, and susceptibility to phishing attacks. It's important to choose a secure wallet provider, diversify your storage methods, and stay vigilant to protect your digital assets.
  287

  72